Which of the Following Is Not a Non-Price Determinant of Demand

question 164

Multiple Choice

Which of the following is not a non-price determinant of demand?

• A) Consumer preferences
• B) Income of the consumers
• C) The number of sellers in the market
• D) The prices of related goods

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Definitions:

Expert Judgment

The insight or decision made by someone who is highly knowledgeable and experienced in a particular field.

Random Errors

Errors in measurement caused by unpredictable fluctuations and which affect the precision of experimental data.

Fair Credit Reporting Act

A federal law designed to promote accuracy, fairness, and the privacy of information in the files of consumer reporting agencies.

Credit History

A record of a person's or company's past borrowing and repaying behavior, including information about late payments and bankruptcy.